The Commodore Computer Shop begins operations on June 1 and uses a periodic inventory system....
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The Commodore Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases for its Model 10 Fastback Computer System: Purchases Date Units Unit Cost June 1 4 $2,000 9 9 $2,600 On June 30 an inventory count showed there were 8 units on hand. Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for June is Select one: A. $10,000. B. $20,800. C. $16,000. D. $10,600
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